Rivian Automotive (RIVN) stock price extended its gains in its latest intraday trading, as the stock retested an upward trend line that it had previously broken in the short term, attempting through this rise to recover part of its previous losses, while also trying to relieve its clear oversold condition on the Stochastic indicators, especially with continued positive signals from them. This comes amid continued dynamic negative pressure from trading below its 50-day SMA, which reduces the chances of a full recovery in the near term.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $15.20 resistance level, targeting the $12.80 support level.

Today’s price forecast: Bearish

Ethereum recorded modest gains during its latest intraday trading sessions, in what appears to be a weak attempt by the price to recover part of its previous losses. This comes amid the dominance of a short-term corrective bearish trend, with price movements continuing alongside a downward sloping trendline.

Negative pressure also remains in place as Ethereum continues trading below EMA50, which limits the chances of a strong recovery in the near term, especially with continued negative signals coming from the relative strength indicators.

oil Brent Crude Oil declined in its recent intraday trading, amid the dominance of the main bullish trend in the short term, with its move alongside a supportive bullish trendline, while receiving dynamic support from trading above EMA50, which strengthens the chances of the price resuming its upward movement in the near term, attempting to reduce some of its clear overbought conditions shown by the relative strength indicators, especially with the beginning of a negative crossover signal, in an effort to regain positive momentum that may help the market recover once again.

Bitcoin remains stable following the sharp losses recorded during its early trading sessions today, amid continued negative signals from the relative strength indicators after reaching heavily overbought levels. The price is attempting to gain positive momentum and reduce this overbought condition, which may help it recover and resume its upward movement.

Bitcoin has also found support at EMA50, which has helped stop the recent decline and continues to reinforce the dominance of the main bullish trend in the short term.